Brothers, good afternoon. Currently, gold has reached around 4350. After breaking below around 4240, it formed an ascending triangle breakout. It is now just one step away from the previous high of around 4380. Old A has repeatedly said that the ascending triangle is a consolidation pattern. Once broken, the expected mid-line target for this round can be pushed up to a theoretical height of around 4876. Brothers who haven't yet positioned for the mid-line can consider buying around 4300, and add positions around 4250. First watch 4870, then pay attention to the resistance near 5000. #BTC
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Brothers, good afternoon. Currently, gold has reached around 4350. After breaking below around 4240, it formed an ascending triangle breakout. It is now just one step away from the previous high of around 4380. Old A has repeatedly said that the ascending triangle is a consolidation pattern. Once broken, the expected mid-line target for this round can be pushed up to a theoretical height of around 4876. Brothers who haven't yet positioned for the mid-line can consider buying around 4300, and add positions around 4250. First watch 4870, then pay attention to the resistance near 5000. #BTC